Cricket Betting Exchange

Cricket Betting Data and Statistics

The international industry for sports betting has expanded significantly in recent years. It was estimated to be worth $76.75 billion USD in 2021, and by the end of 2022, it’s expected to be worth $84.6 billion. The worldwide betting market is predicted to grow to $288.2 billion during the following ten years.

While it is challenging to determine the exact contribution of cricket to these figures, football and horse racing are considered the most popular sports among bettors, though it can be difficult to pinpoint just how much cricket contributed to these numbers. However, cricket has a sizable fan base, and if it generated 10% of all revenue, it would equal $8.46 billion globally.

The growth in the cricket betting industry can be attributed to the proliferation of tournaments worldwide. Almost every country now hosts at least one T20 competition, and the introduction of new formats like T10, The Hundred, and 6ixty is expected to further drive growth.

Additionally, the United States of America has emerged as a major growth area for sports betting. Since the legalization of sports betting in 2018, the industry has been expanding rapidly in the country. This trend, coupled with the increasing popularity of gambling in the United States, is a significant factor in the projected global revenue of $300 billion for the sector.